Archive for January 5th, 2017

Post 30 Nov 2016, How cash is being allocated district-wise in India? Central planning at its best..

January 5, 2017

Central banks have cleverly avoided the tag of a central planner but that is what they eventually do. Their interest rate decisions attract so much attention just because we see the power of one body controlling/managing interest rates and monetary flows like no other. But somehow they have managed to create the image of a benevolent government player which wants markets to function.

The last 2 months in India we have seen how eventually central banks are nothing but central planners. The way in which the entire currency show has been managed tells us once again that these things are really difficult to manage centrally. These were lessons which were understood by the central bank in the 1940s and 1970s but were somehow missed in 2016.

Anyways coming to the point, one just stumbled upon this few days old press release of Indian central bank. In this, central bank suddenly wakes up and says more cash needs to be distributed to rural areas:

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In 19th century, images of Santa Claus could be found on the banknotes of which country?

January 5, 2017

To answer this and 9 more questions take this insightful quiz prepared by Underground Blog of Bank of England.

Which players would make it to an all-time XI of Bombay/Mumbai cricket team?

January 5, 2017

Sankaran Krishna, professor of political science at the University of Hawaii chips in with his best Bombay eleven.

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Will Brexit change history of financial centres?

January 5, 2017

There is just so much of financial history here.

Earlier talks of financial centre moving from London were dismissed. But now talks seem to be picking up pace and steam.

Paris is meeting London based bankers to shift base to French capital:

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Now Mahatma Gandhi goes missing from Rs 2000 notes…

January 5, 2017

A news from Bhopal Times of India.

The embarrassing things keep piling up in Government and RBI’s currency experiment.

 


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